8, SPENCER SQUARE, RAMSGATE, CT11 9LA - £450,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 SPENCER SQUARE is a very large terraced house of 156m², built sometime before 1900, which could now be worth an estimated £496,625. It was last sold for £450,000 in March 2021, which was around 90% above the average March 2021 terraced price in the Thanet local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

8 SPENCER SQUARE Sold Prices

Land registry data shows five sales for 8 SPENCER SQUARE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Thanet local authority area for the corresponding sale date. All of the five 8 SPENCER SQUARE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 31 MAR	£450,000	£236,338	90% above HPI
2016 6 JAN	£300,000	£168,875	78% above HPI
2007 3 OCT	£274,000	£154,772	77% above HPI
2006 29 SEP	£247,000	£139,697	77% above HPI
2000 9 FEB	£90,000	£51,599	74% above HPI

8 SPENCER SQUARE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Thanet local authority area over time, sourced from the HPI. The five 8 SPENCER SQUARE sales between February 2000 and March 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2016 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the March 2021 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

What might 8 SPENCER SQUARE be worth now?

8 SPENCER SQUARE might now be worth an estimated £496,625.

This is based on house price inflation of 10.4%, between March 2021 and June 2025, for terraced houses, in the Thanet local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.4% inflationary increase is applied to the most recent sale price for 8 SPENCER SQUARE of £450,000 on 31st March 2021. For the value to have increased from £450,000 to £496,625 over the three years and nine months to June 2025, the following assumptions must hold true:

• The value of 8 SPENCER SQUARE has moved in line with the HPI for terraced houses in the Thanet local authority area.
• The March 2021 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SPENCER SQUARE has not materially changed since March 2021.

How Large is 8 SPENCER SQUARE?

8 SPENCER SQUARE is 156m² according to the EPC inspection conducted in October 2020. This puts it in the largest 20% of terraced houses houses in Ramsgate, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ramsgate, and where 8 SPENCER SQUARE lies on this distribution: 83% of terraced houses houses are smaller than 8 SPENCER SQUARE, and 17% of houses are larger. Note that EPC data is not available for all properties in Ramsgate.

8 SPENCER SQUARE: Plot and Title Map

8 SPENCER SQUARE sits on a plot of roughly 0.013 of an acre, or 51m². The below map shows the location of 8 SPENCER SQUARE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 8 SPENCER SQUARE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 8 SPENCER SQUARE?

8 SPENCER SQUARE is located in RAMSGATE, in the CT11 postcode district. The below map shows the position of No. 8 on SPENCER SQUARE.